Topical Oxygen Wound Therapy Market Scope
Topical Oxygen Wound Therapy is a low–pressure oxygen therapy which applies oxygen directly to the wound site at 1.03 atmospheres of pressure. It is a safe, effective, and non-invasive therapy for treating open wounds in any setting. The market is expected to high demand because it can conveniently apply in the comfort of the patient’s own home which eliminates the need for costly ambulatory care and transportation and can help maximize patient compliance.
The Topical Oxygen Wound Therapy market study is segmented by Type (Single Use Topical Oxygen System, Single Use Adhesive Patch System, Reusable Topical Oxygen System and Transdermal Continuous Oxygen Therapy), by Application (Chronic Wounds and Acute Wounds) and major geographies with country level break-up.
In Topical Oxygen Wound Therapy Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation, and sourcing strategies to enhance their market share. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Topical Oxygen Wound Therapy market throughout the predicted period.
AOTI, Inc. (United States), OxyCare GmbH (Germany), GWR Medical Inc. (United States), Inotec AMD Ltd. (United States), OxyBand Technologies, Inc. (United States) and SastoMed GmbH (Germany) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Topical Oxygen Wound Therapy market by Type, Application and Region.
On the basis of geography, the market of Topical Oxygen Wound Therapy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In July 2018, Mölnlycke has acquired German wound care products company, SastoMed GmbH. The deal adds new, award-winning products to Mölnlycke’s offer – enabling it to further help healthcare professionals and patients by accelerating the wound healing process and treating chronic wounds.
In Sept 2020, AOTI Inc. announced an eagerly anticipated expansion of its unique multi-modality Topical Wound Oxygen (TWO2) therapy product family. The addition of a new larger extremity-chamber to the company’s peripheral vascular disease (PVD) focused product line, allows for the application of TWO2 treatments for many more patients suffering from costly nonhealing chronic wounds.
- Technology Advancement in Wound Care
- Growing Incidence of Chronic Wounds
- High Incidence of Wound Site Infection
- Increasing Patients Pool of Diabetics
- Rising Initiative by Governemnt and Healthcare Industry
- Constantly Changing Regulations and Stringent Policies
- The High Developmental Cost of Advanced Oxygen Therapy Devices
Key Target AudienceRaw material suppliers, Distributors/traders/wholesalers/suppliers, Regulatory bodies, including government agencies and NGO, Commercial research and development (RandD) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade associations and industry bodies and End-use industries
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase